Tag Archives: warren buffett ibm shares

Excerpt from a CNN Money report, How to invest like a billionaire, dated 31 December 2014: “The company (Warren) Buffett may regret buying the most this year though is IBM…It’s by far and away the worst performer among the 30 top American businesses in the Dow. IBM is trying to reinvent itself by laying off workers and selling its chip unit at a loss. Buffett likes to stick with companies for the long-term, but so far, other investors aren’t impressed with the turnaround plan.”

Toys "R" Us is closing. But independent toy shops say they're doing fine, despite competition from mega-stores. Many parents want to support local business and take their kids to stores where they can play with a toy before they buy it.

CONSTRUCTION and turnkey project company Ipco International on Saturday said that it has applied to the Singapore Exchange for an extension of four weeks until April 14, 2018 to release its unaudited financial statements for the third quarter ended Jan 31, 2018.

KEPPEL Corp on Sunday said that it has through Keppel Land's wholly owned subsidiary, Oil (Asia) Pte Ltd, acquired the remaining 10 per cent stake in Jencity Limited, which holds Saigon Sports City, for about US$11.4 million.

THE Singapore bourse finished on Friday in much the same way as it spent most of the week's trading sessions - on a limp note, no thanks to Wall Street's key indices that put up a mixed showing as they struggled to keep up with fears over trade wars and its politics.

[LONDON] European shares rose on Friday, led by NEX Group as it jumped after a takeover offer, but stocks ended the week with a slight loss as worries about a trade war and geopolitical tensions kept investors on edge.

TOGETHER with Leighton Contractors, Yongnam has been shortlisted as the potential contractor for the design and construction of the North-South Corridor (tunnel) between Kampong Java Road and Suffolk Walk. The JV submitted the lowest bid of S$553.8 million.

THOMAS Kuhn, the American physicist and philosopher, is perhaps best known to the public for the phrase "paradigm shift". In his book The Structure of Scientific Revolutions, he describes the differences between ordinary scientific problem solving - what he termed "normal science" - and scientific revolutions. His concept of nonlinear evolution became so widely adopted […]

LAST year was a good year for stocks. The S&P 500 returned 21.8 per cent. But you would have done way better if you had just bought the five biggest companies in the US as at end 2016. The average return of the five stocks - Apple, Google, Microsoft, Exxon Mobil and Amazon - was […]

Buffettpedia

In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox, a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after, on February 28, Spotify, positioning […]

My posts over the last two months have been heavy, dealing first with my data update from January 2018, and with the market and its volatility in the last few weeks. I felt like taking a break and talking about something lighter and more personal, and giving you an update on my teaching, writing and […]

Jerome Powell, the new Fed Chair, was on Capitol Hill on February 27, and his testimony was, for the most part, predictable and uncontroversial. He told Congress that he believed that the economy had strengthened over the course of the last year and that the Fed would continue on its path of "raising rates". Analysts […]

The last week has been a roller coaster ride, though more down than up, and investors have done what they always do during market crises. The fear factor rises, some investors sell and head for the safer pastures, some are paralyzed not knowing what to do, and some double down as contrarians, buying into the […]

In my first nine posts on my data update for 2018, I focused on the costs that companies face in raising equity and debt, and their investment, financing and dividend decisions. In assessing those decisions, though, I looked at their actions through the lens of value creation, arguing that investing in projects that earn less […]

If success for a farmer is measured by his or her harvest, success in a business, from an investors' standpoint, should be measured by its capacity to return cash flows for its owners. That is not belittling the intermediate steps needed to get there, since to be able to generate these cash flows, businesses have […]

In the United States, as in much of the rest of the world, and as has been true for most of the last century, the tax code has been tilted towards debt, rewarding firms that borrow money with tax savings, relative to those that use equity to fund their operations. While the original rationale for […]

I have spent the last few posts trying to estimate what firms need to generate as returns on investments, culminating in the cost of capital estimates in the last post. In this post, I will look at the other and perhaps more consequential part of the equation, by looking at what companies generate as profits […]

I have long described the cost of capital as the Swiss Army Knife of finance, since it shows up in so many places in finance, albeit in different forms. In corporate finance, it is not only the cost of raising funding for a business but also the hurdle rate to use in capital budgeting and […]

In my last post, I looked at the currency confusions that globalization has brought into financial analysis, and how to clean up for them. In this post, I discuss the other aspect of globalization that is forcing analysts to change long accepted practices in estimating equity risk premiums for companies. Taking what they have learned […]

Warren Buffett was interviewed on CNBC on February 26, 2018 from 6:00 a.m. – 9:00 a.m ET., primarily to discuss his annual Letter to Shareholders that was released on February 24. The highlights of this interview were: (1) Berkshire Hathaway’s net worth increased by $65.3 billion in 2017, partially as a result of a $29 […]

I was interviewed on BNN TV (Business News Network – Canada) on February 26, 2018 at 8:40 a.m. ET on Warren Buffett’s Letter To Shareholders. Highlights of my interview: (1) Warren Buffett has not made a major purchase recently because stocks are near all-time highs and he would have to pay a 25% premium over […]

Berkshire Hathaway released Warren Buffett’s 2017 Letter to Shareholders at 8:00 a.m. today. The highlights were: (1) Berkshire’s $65 billion gain in net worth or book value in 2017 resulted from a $36 billion gain from operations and a $29 billion gain from the cut in corporate income taxes in December. As a result, Berkshire’s […]

I am quoted in a Wall Street Journal article: “Playing With $100 Billion, Warren Buffett Is Giant Trader of U.S. Treasury Bills”. “He’s aware that [Berkshire’s cash] is not earning a high rate of return for shareholders,” said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business and a […]

I am quoted in this CNBC article: “Warren Buffett’s partner Charlie Munger reveals how much of an impact luck has on success”. Fellow Omaha-native Buffett has also touted the critical role luck has played in his life and told MBA students at the University of Maryland in 2013 that winning the “ovarian lottery” helped determine his success. “Warren Buffett […]

Berkshire Hathaway’s 2017 Annual Report to shareholders will be posted on the Internet on Saturday, February 24, 2018, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com. The Annual Report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations. Concurrent […]

In an SEC 13F filing after the market closed today, Berkshire Hathaway (Warren Buffett) reported the following major changes to its common stock portfolio during the fourth quarter of 2017: Additions: (1) Apple – An additional $5.3 billion stake of 31.2 million shares (or additional 23.3% stake) resulting in a total position valued at $28 […]

I am quoted in the Washington Post: “There is a lot of concern in the rising yield in the 10-year Treasury note,” said David Kass, professor of finance at the University of Maryland. “As it approaches 3 percent, concerns about inflation and competition for stocks by fixed income securities are increasing.”